Human sacrifice, dogs and cats living together, mass hysteria! The ups and downs of last fall were not fun to live through.
Net Worth really took off this month. Up over +$57,000, that makes up some serious ground from the doldrums of last year. I am Doing my Happy Dance!
Maybe now we can all get back to making progress again? Stabilize our portfolios. Check out if these new tax rates will do us any good. Responsible people can make babies again. Take a Deep Breath.
I have noticed that the beginning of a year harbors less large one of a kind expenses than the end of a year. I have been stuffing money left and right into my Dividend Portfolio. Over $10,000 in January. I wonder how long I can keep that up?
Me and the family were trapped in the house together for 5 days last week due to the weather. Sort of a involuntary NO SPEND CHALLENGE.
I did splurge a little bit because the wife finally relented on the informal Recliner Ban. 🙂
First Net Worth of 2019 equals total Assets minus total Liabilities.
Total Assets: $2,190,135 + $ 57,457 from last month.
Accounts receivable, This is a floundering business deal from 2014
Boat & Cars, Depreciating assets, but sell-able if need be
Real Estate 2nd home/vacation rental
Retirement accounts; 2 people, 4 accounts total
Brokerage account; Dividend Portfolio
College Funds; Prepaid tuition and 529 accounts or 2 kids
Bonds; ‘I bonds’ bought through Treasury Direct
Cash & Metals; 4 accounts and a security deposit box
Health Savings Account, Started in 2015
Total Liabilities; $395,663 down – $ 1,051.00 from last month.
Mortgage on House; Bought in 2005 Interest 3.75%
Mortgage 2nd Home; Bought in 2012 Interest 3.5%
Student Loan Paid off!
HELOC; Current APR 3.49%
TOTAL NET WORTH ROCKET FEB OF 2019; $1,794,472
Tracking your own net worth is perhaps the second most important thing you can do to improve your financial picture. Budgeting your expenses to see where the money goes is probably still number one.
Budgeting is like paying attention to ball game while tracking net worth is like paying attention to the baseball season.
Months can goes up or down, you need a longer picture to evaluate your progress. You are either bringing in more money than you’re spending or you are losing money each month. Tracking Net Worth is easy, useful, and addictive.